#CryptoFees101

Transaction fees play a crucial role in maintaining the security and functionality of blockchain networks. Network fees, unlike application-level fees, generally incentivize miners (in proof-of-work systems) and validators (in proof-of-stake systems) to confirm transactions and add them to the existing blockchain. This article provides a comparative and introductory analysis of network-level transaction fees for Bitcoin and Ethereum. While both networks use transaction fees for the aforementioned reasons, their mechanisms are different, reflecting their unique functionalities and use cases.